NEW YORK : Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an investor conference. Walmart does not break out sales of Flipkart and PhonePe but over the past few
NEW YORK : Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an investor conference.
Walmart's international chief has previously called India's 1.4 billion population a"significant" opportunity for the retailer. Walmart also called PhonePe's performance"really impressive" after it hit an annualized payment value of $1 trillion led by the Unified Payments Interface, a highly popular method in India to make instant real-time payments.
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